Alpine Associates Management Has Cut Dish Network (DISH) Holding by $4.15 Million; Mckinley Capital Management Lowered Stake in Alaska Air Group Co (ALK) as Shares Declined

January 14, 2018 - By Richard Conner

Robert B. Gillam decreased its stake in Alaska Air Group Inc Co (ALK) by 12.92% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Capital Management Inc sold 54,461 shares as the company’s stock declined 12.45% while stock markets rallied. The hedge fund run by Robert B. Gillam held 366,903 shares of the transportation company at the end of 2017Q3, valued at $27.98M, down from 421,364 at the end of the previous reported quarter. Mckinley Capital Management Inc who had been investing in Alaska Air Group Inc Co for a number of months, seems to be less bullish one the $9.05 billion market cap company. The stock decreased 1.72% or $1.29 during the last trading session, reaching $73.52. About 2.95 million shares traded or 52.41% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since January 14, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Robert Emil Zoellner decreased its stake in Dish Network Corp (DISH) by 43.88% based on its latest 2017Q3 regulatory filing with the SEC. Alpine Associates Management Inc sold 76,798 shares as the company’s stock rose 1.02% with the market. The hedge fund run by Robert Emil Zoellner held 98,202 shares of the television services company at the end of 2017Q3, valued at $5.33M, down from 175,000 at the end of the previous reported quarter. Alpine Associates Management Inc who had been investing in Dish Network Corp for a number of months, seems to be less bullish one the $23.08 billion market cap company. The stock increased 0.47% or $0.23 during the last trading session, reaching $49.48. About 1.46 million shares traded. DISH Network Corporation (NASDAQ:DISH) has risen 43.12% since January 14, 2017 and is uptrending. It has outperformed by 26.42% the S&P500.

Among 16 analysts covering Alaska Air Group (NYSE:ALK), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Alaska Air Group had 74 analyst reports since July 24, 2015 according to SRatingsIntel. The company was initiated on Friday, September 23 by Imperial Capital. The stock has “Outperform” rating by Cowen & Co on Monday, April 24. The company was upgraded on Tuesday, January 10 by Bank of America. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Outperform” rating by Cowen & Co on Tuesday, August 18. On Friday, March 31 the stock rating was maintained by Imperial Capital with “In-Line”. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Outperform” rating by Raymond James on Tuesday, June 14. Stifel Nicolaus upgraded Alaska Air Group, Inc. (NYSE:ALK) on Monday, March 20 to “Buy” rating. The firm has “Overweight” rating given on Tuesday, August 4 by Morgan Stanley. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Overweight” rating given on Thursday, August 17 by Morgan Stanley. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Market Perform” rating by Cowen & Co on Wednesday, January 4.

Since August 7, 2017, it had 0 insider buys, and 2 sales for $408,160 activity. On Monday, August 7 HARRISON ANDREW R sold $202,167 worth of Alaska Air Group, Inc. (NYSE:ALK) or 2,350 shares.

Mckinley Capital Management Inc, which manages about $8.13 billion and $2.45B US Long portfolio, upped its stake in Ttm Technologies Inc Co (NASDAQ:TTMI) by 88,833 shares to 347,207 shares, valued at $5.34M in 2017Q3, according to the filing. It also increased its holding in British Amern Tob Plc Sponsored Ad (NYSEMKT:BTI) by 11,050 shares in the quarter, for a total of 38,838 shares, and has risen its stake in Paycom Software Inc Co (NYSE:PAYC).

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on February, 14. They expect $0.94 earnings per share, down 39.74% or $0.62 from last year’s $1.56 per share. ALK’s profit will be $115.66M for 19.55 P/E if the $0.94 EPS becomes a reality. After $2.24 actual earnings per share reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -58.04% negative EPS growth.

Investors sentiment increased to 1.34 in Q3 2017. Its up 0.19, from 1.15 in 2017Q2. It is positive, as 53 investors sold ALK shares while 131 reduced holdings. 68 funds opened positions while 179 raised stakes. 105.25 million shares or 1.07% less from 106.39 million shares in 2017Q2 were reported. Renaissance Tech Ltd Liability Com reported 0.03% stake. Hartford Mgmt Communication has 26,760 shares for 0.04% of their portfolio. Benjamin F Edwards And Incorporated reported 0% in Alaska Air Group, Inc. (NYSE:ALK). Moreover, Lau Associate Lc has 1.22% invested in Alaska Air Group, Inc. (NYSE:ALK) for 20,650 shares. Td Asset holds 0.04% or 317,286 shares in its portfolio. Rhumbline Advisers reported 0.04% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Illinois-based Anchor Bolt Ltd Partnership has invested 0.95% in Alaska Air Group, Inc. (NYSE:ALK). The California-based Affinity Advsrs Lc has invested 0.21% in Alaska Air Group, Inc. (NYSE:ALK). Ing Groep Nv, Netherlands-based fund reported 10,675 shares. Thompson Siegel And Walmsley Ltd Liability Com has 1.06M shares. Bkd Wealth Advsrs Limited Liability Co reported 0.04% stake. Point72 Asset Management LP accumulated 547,726 shares. Tower Rech Capital Ltd Company (Trc) holds 0% or 54 shares. Goodman Corporation reported 79,845 shares stake. Schroder Inv Mngmt Gp stated it has 315,069 shares.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.01, from 1.11 in 2017Q2. It turned negative, as 44 investors sold DISH shares while 119 reduced holdings. 46 funds opened positions while 133 raised stakes. 220.79 million shares or 0.78% less from 222.52 million shares in 2017Q2 were reported. Levin Capital Strategies LP invested in 10,164 shares or 0.01% of the stock. Dnb Asset Mngmt As accumulated 25,553 shares or 0.02% of the stock. Norinchukin National Bank The holds 16,947 shares. Fincl Serv Corporation holds 3,430 shares. Arrowgrass Capital (Us) Limited Partnership has 0.05% invested in DISH Network Corporation (NASDAQ:DISH) for 113,423 shares. Sumitomo Mitsui Asset Management invested in 0.02% or 17,867 shares. Jefferies Grp Limited Liability has invested 0.04% of its portfolio in DISH Network Corporation (NASDAQ:DISH). Natixis has invested 0% in DISH Network Corporation (NASDAQ:DISH). Nordea Invest invested 0% of its portfolio in DISH Network Corporation (NASDAQ:DISH). New York-based Metropolitan Life Insur Ny has invested 0.04% in DISH Network Corporation (NASDAQ:DISH). Sg Americas Ltd Llc accumulated 0% or 5,093 shares. The California-based Whittier Trust has invested 0% in DISH Network Corporation (NASDAQ:DISH). Bnp Paribas Asset Holding accumulated 37,923 shares or 0.02% of the stock. Davenport And Com Ltd Llc owns 1.29 million shares. 11,075 are owned by Penn Davis Mcfarland.

Among 20 analysts covering Dish Network Corp. (NASDAQ:DISH), 9 have Buy rating, 3 Sell and 8 Hold. Therefore 45% are positive. Dish Network Corp. had 48 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Vetr given on Tuesday, September 8. The stock has “Hold” rating by Macquarie Research on Thursday, July 6. Goldman Sachs maintained it with “Buy” rating and $83 target in Thursday, April 21 report. On Friday, September 15 the stock rating was upgraded by Citigroup to “Neutral”. HSBC initiated the shares of DISH in report on Wednesday, July 22 with “Reduce” rating. As per Wednesday, September 9, the company rating was maintained by Wunderlich. Moeffett Nathanson upgraded the shares of DISH in report on Monday, October 26 to “Neutral” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, January 23 report. The firm has “Hold” rating by RBC Capital Markets given on Sunday, September 17. The firm earned “Hold” rating on Friday, February 26 by HSBC.

Analysts await DISH Network Corporation (NASDAQ:DISH) to report earnings on February, 28. They expect $0.55 EPS, down 21.43% or $0.15 from last year’s $0.7 per share. DISH’s profit will be $256.50 million for 22.49 P/E if the $0.55 EPS becomes a reality. After $0.57 actual EPS reported by DISH Network Corporation for the previous quarter, Wall Street now forecasts -3.51% negative EPS growth.

Alpine Associates Management Inc, which manages about $3.91 billion and $2.96B US Long portfolio, upped its stake in Astoria Finl Corp (NYSE:AF) by 88,300 shares to 212,128 shares, valued at $4.56 million in 2017Q3, according to the filing. It also increased its holding in Lattice Semiconductor Corp (NASDAQ:LSCC) by 318,248 shares in the quarter, for a total of 3.02M shares, and has risen its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

Since August 28, 2017, it had 0 buys, and 4 selling transactions for $67,480 activity. $5,347 worth of stock was sold by ORBAN PAUL W on Monday, October 2. McSchooler Jeffrey L sold $44,439 worth of DISH Network Corporation (NASDAQ:DISH) on Monday, August 28.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: